Red Cedar Investment Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Red Cedar Investment Management, LLC reported 81 stock positions worth $792.1 million. Its top holding was Vanguard Russell 1000 (VONE) at 19.9% of the portfolio, followed by iShares Russell 1000 ETF (IWB, 18.6%) and iShares Core S&P Midcap ETF (IJH, 6.4%). Compared with Q1 2025, it opened 4 new positions, sold out of 3, added to 14 and reduced 11. The biggest buy was a new position in iShares Core S&P Midcap ETF (IJH) and the biggest sale Vanguard Russell 2000 ETF (VTWO, shares −76%).

Most Recent 13F
Q2 2026
Location
GRAND RAPIDS, MI
CIK
0001734398
Portfolio Value
$792.1M (Q2 2025)
SEC Filing
0001734398-25-000004 ↗ filed Aug 8, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $801.4M Q1 2024 Q2 2024: $733.4M Q2 2024 Q3 2024: $788.4M Q3 2024 Q4 2024: $795.9M Q4 2024 Q1 2025: $722.8M Q1 2025 Q2 2025: $792.1M $792.1M Q2 2025 Q3 2025: $853.1M Q3 2025 Q4 2025: $925.7M Q4 2025 Q1 2026: $964.5M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 81 stocks · $792.1M
VONE Vanguard Russell 1000 19.89% 561,002 $157.6M Reduce -4.6%
IWB iShares Russell 1000 ETF 18.61% 434,149 $147.4M Reduce -4.3%
IJH iShares Core S&P Midcap ETF 6.44% 822,862 $51.0M New
IEMG iShares Core MSCI Emerging 4.33% 571,699 $34.3M Add +0.8%
EWJ iShares MSCI Japan ETF 3.81% 402,895 $30.2M Add +0.1%
SCHF Schwab Intl Equity ETF 3.04% 1,090,727 $24.1M Add +0.7%
EFA iShares MSCI Eafe ETF 2.89% 255,690 $22.9M Add +0.6%
AGG iShares Core U.S. Aggregate 2.57% 205,493 $20.4M Add +403.1%
GDX Vaneck Gold Miners ETF 2.09% 317,318 $16.5M No change
SCHX Schwab US Large-Cap ETF 2.03% 656,462 $16.0M Reduce -9.2%
AVGO Broadcom Inc. 1.85% 53,246 $14.7M Reduce -5.9%
GLD SPDR Gold Shares 1.77% 46,056 $14.0M New
SPSB SS SPDR P St C Corp. ETF 1.72% 450,568 $13.6M Reduce -9.0%
MSFT Microsoft Corp. 1.48% 23,625 $11.8M No change
VTWO Vanguard Russell 2000 ETF 1.36% 123,299 $10.8M Reduce -76.5%
IWM iShares Russell 2000 ETF 1.34% 49,369 $10.7M Reduce -76.4%
VOO Vanguard S&P 500 ETF 1.04% 14,454 $8.2M Reduce -5.4%
JPM JPMorgan Chase & Co. 1.04% 28,289 $8.2M No change
LLY Eli Lilly & Co. 1.02% 10,334 $8.1M No change
ETN Eaton Corp. PLC 0.90% 20,068 $7.2M Reduce -10.1%
MSI Motorola Solutions Inc. 0.84% 15,775 $6.6M No change
PH Parker Hannifin Corp. 0.82% 9,247 $6.5M No change
META Meta Platforms Inc. Class A 0.77% 8,301 $6.1M No change
AMP Ameriprise Financial Inc. 0.71% 10,522 $5.6M No change
GLW Corning Inc. 0.69% 104,650 $5.5M Add +51.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.68% 8,723 $5.4M New
QTPI NRTH Squr Rcim Tax-Ad Is ETF filed as EXCHANGE PLACE ADVISORS TRUS 0.64% 200,000 $5.1M No change
ABBV Abbvie Inc. 0.64% 27,210 $5.1M No change
COST Costco Wholesale Corp. 0.55% 4,431 $4.4M No change
HD Home Depot Inc. 0.54% 11,610 $4.3M No change
KGC Kinross Gold Corp. 0.53% 269,925 $4.2M Add +19.0%
MCD McDonald's Corp. 0.52% 14,206 $4.2M No change
SO The Southern Co. 0.52% 44,897 $4.1M No change
GSG iShares S&P Gsci Commodity I 0.51% 184,379 $4.1M No change
AGI Alamos Gold Inc. Class A 0.51% 152,414 $4.0M Add +43.1%
VTHR Vanguard Russell 3000 0.50% 14,523 $4.0M Reduce -9.1%
AEM Agnico Eagle Mines Ltd. 0.47% 31,496 $3.7M Add +19.1%
BLK BlackRock Inc. 0.47% 3,526 $3.7M No change
QCOM Qualcomm Inc. 0.46% 23,105 $3.7M No change
RTX RTX Corp. 0.44% 23,761 $3.5M Add +39.8%
V Visa Inc. Class A 0.42% 9,461 $3.4M No change
PAYX Paychex Inc. 0.41% 22,290 $3.2M No change
PG The Procter & Gamble Co. 0.40% 19,650 $3.1M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.39% 10,950 $3.1M New
ADI Analog Devices Inc. 0.38% 12,544 $3.0M Reduce -25.2%
MRSH Marsh & McLennan Cos 0.37% 13,578 $3.0M No change
SYK Stryker Corp. 0.35% 6,942 $2.7M No change
AAPL Apple Inc. 0.31% 11,921 $2.4M No change
AXP American Express Co. 0.31% 7,628 $2.4M No change
ACN Accenture PLC Class A 0.30% 7,858 $2.3M No change
WELL Welltower Inc. 0.29% 14,985 $2.3M Add +5.1%
PNC PNC Financial Services Group 0.29% 12,113 $2.3M No change
NEE Nextera Energy Inc. 0.27% 31,342 $2.2M No change
WEC WEC Energy Group Inc. 0.26% 20,045 $2.1M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.26% 16,741 $2.1M Add +56.1%
SPG Simon Property Group Inc. 0.26% 12,748 $2.0M No change
CTAS Cintas Corp. 0.26% 9,124 $2.0M No change
MDLZ Mondelez International Inc. Class A 0.24% 28,336 $1.9M No change
MCK McKesson Corp. 0.22% 2,376 $1.7M Add +84.3%
MRK Merck & Co. Inc. 0.21% 21,092 $1.7M No change
CVX Chevron Corp. 0.20% 11,342 $1.6M No change
EQIX Equinix Inc. 0.20% 1,948 $1.5M No change
LMT Lockheed Martin Corp. 0.19% 3,274 $1.5M No change
MAR Marriott International Class A 0.19% 5,369 $1.5M No change
GD General Dynamics Corp. 0.18% 4,980 $1.5M No change
PSX Phillips 66 0.17% 11,596 $1.4M No change
CFG Citizens Financial Group 0.17% 30,612 $1.4M No change
XOM Exxon Mobil Corp. 0.17% 12,596 $1.4M No change
APD Air Products & Chemicals Inc. 0.16% 4,426 $1.2M No change
MINT PIMCO Enhanced Short Maturit 0.14% 10,843 $1.1M No change
VCSH Vanguard S/T Corp. Bond ETF 0.13% 13,399 $1.1M No change
IGSB iShares 1-5Y Inv Grade Corp. 0.13% 19,907 $1.1M No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.13% 31,535 $1.0M No change
DLR Digital Realty Trust Inc. 0.12% 5,451 $950K Add +11.6%
FPE FT-Preferred Secur & Inc. ETF 0.11% 48,657 $866K No change
BSV Vanguard Short-Term Bond ETF 0.10% 10,560 $831K No change
VLO Valero Energy Corp. 0.10% 5,697 $766K No change
PEP Pepsico Inc. 0.05% 2,813 $371K No change
KO The Coca-Cola Co. 0.04% 4,774 $338K No change
FIS Fidelity National Info Serv 0.04% 3,750 $305K No change
MPC Marathon Petroleum Corp. 0.03% 1,440 $239K No change

Portfolio Sells Q1 2025 → Q2 2025
VTWO Vanguard Russell 2000 ETF Reduce -76.5% 1.36% −4.48
IWM iShares Russell 2000 ETF Reduce -76.4% 1.34% −4.42
VONE Vanguard Russell 1000 Reduce -4.6% 19.89% −0.76
IWB iShares Russell 1000 ETF Reduce -4.3% 18.61% −0.65
IWF iShares Russell 1000 Growth Sold out 0.00% −0.36
VTWV Vanguard Russell 2000 Value Sold out 0.00% −0.35
SPSB SS SPDR P St C Corp. ETF Reduce -9.0% 1.72% −0.34
URI United Rentals Inc. Sold out 0.00% −0.21
SCHX Schwab US Large-Cap ETF Reduce -9.2% 2.03% −0.18
ADI Analog Devices Inc. Reduce -25.2% 0.38% −0.09
VOO Vanguard S&P 500 ETF Reduce -5.4% 1.04% −0.05
VTHR Vanguard Russell 3000 Reduce -9.1% 0.50% −0.05
ETN Eaton Corp. PLC Reduce -10.1% 0.90% +0.07
AVGO Broadcom Inc. Reduce -5.9% 1.85% +0.54

Portfolio Buys Q1 2025 → Q2 2025
IJH iShares Core S&P Midcap ETF New 6.44% +6.44
AGG iShares Core U.S. Aggregate Add +403.1% 2.57% +2.01
GLD SPDR Gold Shares New 1.77% +1.77
SPY SS SPDR S&P 500 ETF Trust-US New 0.68% +0.68
VO Vngrd Mrngstr MD-Cap ETF-Usd New 0.39% +0.39
GLW Corning Inc. Add +51.8% 0.69% +0.26
KGC Kinross Gold Corp. Add +19.0% 0.53% +0.14
RTX RTX Corp. Add +39.8% 0.44% +0.13
AGI Alamos Gold Inc. Class A Add +43.1% 0.51% +0.12
MCK McKesson Corp. Add +84.3% 0.22% +0.10
IEMG iShares Core MSCI Emerging Add +0.8% 4.33% +0.10
TJX TJX Companies Inc. Add +56.1% 0.26% +0.08
SCHF Schwab Intl Equity ETF Add +0.7% 3.04% +0.08
AEM Agnico Eagle Mines Ltd. Add +19.1% 0.47% +0.08
DLR Digital Realty Trust Inc. Add +11.6% 0.12% +0.02
EFA iShares MSCI Eafe ETF Add +0.6% 2.89% +0.01
EWJ iShares MSCI Japan ETF Add +0.1% 3.81% −0.01
WELL Welltower Inc. Add +5.1% 0.29% −0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 89$1.1BVONE, IWB, IJH, IEMG, EWJ
Q1 2026 91$964.5MVONE, IWB, IJH, IEMG, AGG
Q4 2025 86$925.7MVONE, IWB, IJH, IEMG, EWJ
Q3 2025 82$853.1MVONE, IWB, IJH, IEMG, EWJ
Q2 2025 81$792.1MVONE, IWB, IJH, IEMG, EWJ
Q1 2025 80$722.8MVONE, IWB, VTWO, IWM, IEMG
Q4 2024 76$795.9MVONE, IWB, VTWO, IWM, EWJ
Q3 2024 78$788.4MVONE, IWB, VTWO, IWM, EWJ
Q2 2024 76$733.4MVONE, IWB, VTWO, IWM, EWJ
Q1 2024 83$801.4MVONE, IWB, VTWO, IWM, EWJ